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Real Estate

Vacant Home Tax: Is your client buying or selling?

Several regions in Ontario have introduced or are contemplating the introduction of a vacant home/unit tax (VHT). The failure to file a declaration of occupancy status (“VHT declaration”) has led to complications for both sellers and buyers. If homeowners fail to submit the VHT declaration by the stipulated deadline, the property is presumed vacant. This… Read More »

Categories: Online Only, Real Estate

Title insurance matters: ‘One of these things is not like the other’

You may recall the title as a lyric from a song in a popular kids show many years ago, reinforcing the benefits of being aware and noticing differences. This same lesson applies when comparing the legal protection coverages offered by other title insurers that compete with the Legal Service Coverage that’s included in TitlePLUS policies…. Read More »

Categories: 2024 March, Articles, Real Estate, Title insurance, TitlePLUS

CRA’s new trust reporting requirements

[Updated March 28, 2024] This year’s tax filing season may be looking different for some people and corporate entities due to new trust reporting rules. These changes, while presenting challenges, also offer legal professionals an opportunity to educate their clients. Overview Previously, trusts were only required to file a T3 Trust Income Tax and Information… Read More »

Categories: Corporate Law, Family, Online Only, Real Estate, Tax, Wills & Estates

Important Reminder: Update to Non-Resident Speculation Tax

Effective October 25, 2022, the Non-Resident Speculation Tax (NRST) rate was increased to 25 per cent from 20 per cent. It applies to the purchase or acquisition of an interest in residential property located anywhere in Ontario by individuals who are not Canadian citizens or permanent residents of Canada, or by foreign corporations or taxable… Read More »

Categories: Online Only, Real Estate

TitlePLUS: A living example of innovation of LAWPRO

When considering the future of TitlePLUS, we asked ourselves if the service was still living up to its original principles and – perhaps more importantly – whether those principles were still valid. Companies know their products need to evolve with the needs of their customers and the marketplace. If a product changes too fast, customers… Read More »

Categories: 2022 June - After Covid 19, Articles, Real Estate, Title insurance, TitlePLUS

Persistence and Precision Bring Long Needed Changes to the Planning Act

Comments from Ontario Attorney General Doug Downey As Attorney General I have made it my business to jump start and accelerate access to Ontario’s outdated justice system. The work to move the system forward by decades in mere months began before the COVID-19 pandemic, and by working in new ways with our partners we have… Read More »

Categories: 2022 June - After Covid 19, Articles, Real Estate

The Top 10 Changes to the Planning Act You Need to Know About and Why

The anachronistic provisions of the Ontario Planning Act (the “Act”) and the red tape they created have frustrated lawyers and property owners for many years. The government has listened, and after consultations with many stakeholders over the last two years, long overdue changes are finally here. We believe these changes will save the public time… Read More »

Categories: 2022 June - After Covid 19, Articles, Failure to Know The Law, Real Estate

Cottages and Rural Properties: Avoid Common Errors that Lead to Title Insurance Claims

cottage at night

Cottages are a Canadian summertime staple. For many, cottage life has become tradition and cottage ownership is a dream come true. Conversely, cottage and rural residential properties generally present the real estate lawyer with some of the most challenging and complex issues of any area of real estate law, and may surprise lawyers who are… Read More »

Categories: Inadequate Investigation, Online Only, Real Estate

Land Acknowledgement

The offices of LAWPRO are located on the traditional territory of many nations including the Mississaugas of the Credit, Anishnabeg, Chippewa, Haudenosaunee and Wendat peoples. Toronto is covered by Treaty 13 with the Mississaugas of the Credit. LAWPRO respects and acknowledges the histories, languages, knowledge systems, and cultures of First Nations, Metis, and Inuit nations.

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